Cimarron River Pipeline, LLC
Original Volume No. 1
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Effective Date: 09/01/2008, Docket: CP08-17-001, Status: Effective
Original Sheet No. 241 Original Sheet No. 241
GENERAL TERMS AND CONDITIONS
13.3 Cash Out Procedures:
To the extent monthly imbalances are not resolved under Section 13.2, all
imbalances accrued by Shipper under its TSAs shall be resolved on a monthly
basis pursuant to this Section.
(a) To determine an applicable imbalance percentage, Transporter will
divide Shipper's Net Monthly Imbalance less quantities resolved by trading
by all of the Shipper's scheduled transportation deliveries during the month
("Net Monthly Imbalance Percentage"). To calculate Shipper's imbalance
percentage under TSAs, Transporter will exclude Shipper's deliveries under
all MPS Agreements.
(b) Subject to Subsection (d) below, if Shipper has accrued a Net
Monthly Imbalance due to Transporter, Shipper shall pay Transporter for
Shipper's Net Monthly Imbalance at the following prices for the volumes
within each stated Net Monthly Imbalance Percentage.
Net Monthly Imbalance
Percentage Due To Transporter Price Per Dth
0 through 5% 100% of Index Price
> 5 through 10% 115% of Index Price
> 10 through 15% 130% of Index Price
> 15 through 20% 140% of Index Price
> 20% 150% of Index Price
(c) Subject to Subsection (d) below, if Shipper has accrued a Net
Monthly Imbalance due to Shipper, Transporter shall pay Shipper for its Net
Monthly Imbalance at the following prices for the volumes within each stated
Net Monthly Imbalance Percentage. Transporter will charge Shipper the
maximum transportation rate for Net Monthly Imbalance.
Net Monthly Imbalance
Percentage Due To Shipper Price Per Dth
0 through 5% 100% of Index Price
> 5 through 10% 85% of Index Price
> 10 through 15% 70% of Index Price
> 15 through 20% 60% of Index Price
> 20% 50% of Index Price
However, if Shipper owes Transporter any payments that are past due,
Transporter shall have the right to offset payments it owes to Shipper under
this Subsection by the past due amounts due to Transporter (including
interest at the FERC interest rate).